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KRON (MyNetworkTV) 12
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KRON
Dec 30, 2012 11:00pm PST
fiscal cliff. the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set hikes. "we're apart on some pretty big issues." " >> i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >> "regardless of partisan differences, our top sure that taxes on middle that would hurt our economy badly." >> reporter: a major sticking point continues to be the annual income level at which those tax increases should kick in. the threshold has wavered from 250-thousand dollars to as high as one-million dollars. republicans argue the country doesn't have a tax revenue problem, it has a spending problem. >> "unless we do something about spending, the government will continue to get bigger and the deficit will continue to get bigger." >> reporter: following the president's interview, speaker of the statement saying in p
KRON
Dec 28, 2012 6:00am PST
nation edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they only have four days to reach an agreement or the u.s. economy will go over the so- called fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a stubborn fever. the family is, that he will be out of the i see you sound. the chief of staff said supporters a note yesterday including " he would ask me to tell you please put the sharks back in the closet " the 88 year- old has been in a hospital for more than a month after first coming
KRON
Dec 27, 2012 11:00pm PST
looming fiscal cliff tomorrow at the white house. elizabeth corridan has more. as the countdown to the deadline creeps closer. >> this washington it was an ominous, stone. with five days and counting until the u.s. economy will go over the fiscal cliff. >> this year, the american people are not waiting for the ball to drop. it is not going to be good. >> reporter: with no deal spending will be slashed and taxes will go of it could spark another recession. with this deadline approaching president obama and the senate will return and speak on sunday. >> certainly there is still time. >> reporter: point is still texas the want to extend the bush assured taxes except for the time making to water vicki thousand dollars per year ordered the sticking- point is still boyish-direct taxe bush-era of texas taxes >> and. nobody wants. to really work they just want to play the name game. >> putting over the edge that the scenario is allowing tax increases to take effect and on january 3rd, the lawmakers are going to be able to cut taxes. elisabeth corridon.. awarding. >> both obama and the senate returned to washington today after a christmas break. house leaders announced the chamber would reconvene sunday and possibly
KRON
Dec 28, 2012 4:00am PST
afternoon as the nation edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. if they have only four days to reach an agreement. the u.s. economy will grow over the so-called " fiscal cliff. " that's when automatic tax increases and spending cuts could take effect. retain a deal before then will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of a house representatives are watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. i told the president that i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline here and as i said this is a conversation we should have made months ago. democrats want to extend the bush era tax cuts to everyone except those americans making too much and $50,000 or more a year. many republicans remain against any tax increases. >> former president george h. w. bush is still in intensive care at a hospital in houston. the former president's family is confident that he will be out of i see you soon
KRON
Dec 27, 2012 5:00pm PST
that remains before our economy falls off the fiscal cliff. tonight we're learning congressional leaders will convene at the white house tomorrow for last-minute talks to avoid tax increases and spending cuts. kron 4's justine waldman has the latest. >> reporter: the economy is getting very close to falling off the fiscal cliff. though a last minute plan could be in the works. on friday, congressional leaders will meet with the president to discuss the standoff. obama and congressional democrats want a deal that would let tax rates rise for the wealthiest taxpayers. many republicans remain against any tax increases. the white house meeting would be the first time the president has huddled with all four leaders since november 16. the senate is back in session. majority leader harry reid is starting to sound pesimistic. >> "i have to be very honest. i don't know how it can happen now." >> reporter: the house is still on christmas break. but will meet sunday evening, a little more than 24 hours before the "fiscal cliff" arrives. but it's not clear what legislation it might consider >> "hopefully there is still time. prevent economic crisis." >> reporter: and over the edge is just where the economy may go. im justine waldman for kron 4 news. >> michael yaki is j
KRON
Dec 30, 2012 8:00am PST
headlights... >>> time is ticking for the nation's leaders as the deadline to avoid the fiscal cliff rapidly approaches. president obama says he's optimistic that congress will reach a deal in time. chris mozingo has the story. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> politicians on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van ness avenue. let's take a quick look outside this morning at san francisco. outside this morning at san francisco.
KRON
Dec 30, 2012 8:00pm PST
being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set of spending cuts and tax hikes. >>> "we're apart on some pretty big issues." "i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >>> "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." >> reporter: a major sticking point continues to be the annual income level at which those tax increases should kick in. the threshold has wavered from 250-thousand dollars to as high as one-million dollars. republicans argue the country doesn't have a tax revenue problem, it has a spending problem. "unless we do something about spending, the government will continue to get bigger and the deficit will continue to get bigger." >> reporter: following the president's interview, speaker of the house john boehner issued a statement saying in part
KRON
Dec 28, 2012 7:00am PST
edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they have only four days to reach an agreement. the u.s. economy and make over the so-called fiscal cliff. reaching a deal before them will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are all watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. i told president i would be happy to look at what they're he promises but the truth is is that we are coming up against a hard deadline here and as i said this is a conversation we should have had months ago. >> democrats want to extend the bush era tax cuts to everyone except those americans who are making $250,000 or more a year. many republicans remain against the tax increases. >> former president george h. w. bush is still in intensive care at a houston hospital this morning dealing with a stubborn fever. the former president's family is confident that he will be out of the i see you soon. the 88 year-old h
KRON
Dec 27, 2012 7:00am PST
fiscal cliff. lawmakers start coming to the not bother to pay any attention to it until after the election. had they put politics aside and dealt with the earlier who knows how strong the u.s. economy would be right now. >> 9 4:01 a.m. we will be back with more in a couple of minutes. less than a live look outside. sunshine never were including marijuana of crete. seven on 680 is nice in light. >> we are here from 4 to 10. at 10:00 is dr. field every day here on the kron 4 station on the kron 4 morning lows. we are followed by dr. philip welcome back to the kron 4 morning news. >> the country is inching closer to the falling of the so-called fiscal cliff. a series of tax hikes and spending cuts to take effect in five days. >> house and senate members are expected to reconvene today as well. without a budget agreement, automatic tax increase for everyone in the spending cuts will be triggered and the new year. >> taxes go up if congress does not act. >> former president a w. bush sr. is in intensive care is in hospital this morning. >> mr. bush's been hospitalized there since last month with what is being described as a stubborn fever. >> a spokesman for the office said that the 88 year-o
KRON
Dec 27, 2012 8:00pm PST
off the fiscal cliff. tonight we're learning congressional leaders will convene at the white house tomorrow for last-minute talks to avoid tax increases and spending cuts. kron 4's justine waldman has details on negotiations. >> reporter: the economy is getting very close to falling off the fiscal cliff. though a last minute plan could be in the works. on friday, congressional leaders will meet with the president to discuss the standoff. obama and congressional democrats want a deal that would let tax rates rise for the wealthiest taxpayers. many republicans remain against any tax increases. the white house meeting would be the first time the president has huddled with all four november 16. the senate is back in session. majority leader harry reid is starting to sound pesimistic. >> reid: "i have to be very honest. i don't know how it can happen now." >> reporter: the house is still on christmas break. but will meet sunday evening, a little more than 24 hours before the "fiscal cliff" arrives. but it's not clear what legislation it might consider >> mcconnell: "hopefully there is still time. preventable economic crisis." >> reporter: and over the edge is just where the economy may go. im justine waldman for kron 4 news. >> grant: the
KRON
Dec 31, 2012 7:00am PST
as and when not increased capital gains. the fiscal cliff has the taxing which as a medium impact on the economy but also the spending part which has a longer-term impact. it is a hundred million dollars in domestic and defense spending. that is the one where all the sudden late yesterday they realized maybe we should deal with that too. the reason why is that all of the economic forecasts show that eight the sequestered goes and even for the month and two months into the debt ceiling is negotiated the economic growth that we have experienced about 3% of the last quarter will be what have to about one. >> congress is really just getting what they kind of asked for. you will not be able to deal or come with it arrangement to cut spending and raise taxes, we will do it for you automatically. here the we are and they have not come up with anything. is there any hope of the deal getting done in the next week or two? >> i believe the deal will be done later today. the senate will pick it up in the house will vote on it tomorrow. the wild card is what is the house going to do? they ping-pong back and fort
KRON
Dec 31, 2012 5:00pm PST
provisions up. the fiscal cliff is about taxes and spending. but the big question is that what is the spending issue. if they do have an impact it should not be an impact on the economy. >> people are really losing faith? >> these people of that nearly two years to get this done. for all of the whining... i do not really think there's much sympathy from the american people. the fact of the matter is that there is not just the fiscal cliff but also there is a pending bill that is being held up by the house of republicans. to make sure that the price of milk does not double puriwith nearly $7-for $eight! and can they still with the spending cuts? right now, we are going to hear that it is just going to kick the can and down the road. everything including the spending cuts will be on the table. >>> the impression is that they are closed with the devil is in the detail. there are a lot of emotion and. >> and in terms of the tax issue. this is cutting taxes. i do not want to make you... 12 renegotiate on your tax possibility but the question is weather or not they came make decisions on the road on budget cuts. i think they should, they will. they should also get this wrapped up by
Search Results 0 to 11 of about 12